LONDON (AP) - Liverpool’s owners are withdrawing their Texas court order blocking the sale of the Premier League club but could still find a way to stop the proposed 300 million pound ($476 million) takeover by the owners of the Boston Red Sox.
Co-owners Tom Hicks and George Gillett Jr. have decided to drop the temporary restraining order they obtained in Dallas to block the sale to New England Sports Ventures, their lawyer Keith Oliver told The Associated Press on Friday.
“Mr. Hicks and Mr. Gillett have an application to withdraw the temporary restraining order,” Oliver said. “The court convenes at 7 a.m. (Dallas time; 1 p.m. in London) at which time the order will be made.”
Henry arrived later Friday at the London law firm where the English club directors were meeting.
However, the Premier League refused a request from Mill on Thursday to be approved as “fit and proper” to own or become directors of Liverpool.
The league, which has already approved the prospective NESV takeover, told the Mill group that only Liverpool’s board can ask the league to approve a potential owner. The board is determined to push through the NESV deal despite the owners’ opposition.
Mill Financial has technically already taken control of Gillett’s 50 percent stake after he defaulted on the loan used to fund his part of the leveraged takeover in 2007.
It was revealed in a High Court hearing in London earlier this week that Mill Financial itself is interested in taking over the club, offering to repay more than 280 million pounds of debt to RBS by Friday’s nominal deadline to meet those liabilities and penalty charges.
“We are nearly there,” Liverpool chairman Martin Broughton said late Thursday. “We still have to take away the restraining order … Mr. Henry is (still) very committed.”View Entire Story
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